Can I retire at age 51 with 19,600,000?

Use the below retirement simulation to view the chances of a successful retirement.
Confused? Try the simple retirement calculator
About Your Retirement ?
Current Age
Retirement Age
Current Savings $
Annual Deposits $
Annual Withdrawals $
Stock market crash:
Portfolio ?
% in Stocks:
% in Bonds:
% in Cash:
Modify Stock Returns:
0%
Modify Bond Returns:
0%
Modify Cash Returns:
0%
Modify Inflation:
0%
How much money do I need to retire?

This retirement calculator runs simulations based on past data from the S&P 500, 10 Year Treasury Bond, 3 month T-Bill, and US inflation. For each year of each simulation, a random return and inflation amount is chosen.

How to use: Enter your current age and the age when you retire. Then enter your current savings, the amount that you can save annually before you retire, and the amount that you plan to withdraw after retirement. Your annual deposits and withdrawals take inflation into account. For example, if you need $50,000 to live on in retirement using today's dollars, we will automatically take into account the cost of living for your retirement years. The same is true for your annual deposits. Next, decide if you'd like to simulate a stock market crash.

In the portfolio section, choose the makeup of your portfolio with stocks, bonds, and cash. Cash assumes that your money is stored in a savings account. You can then alter the future returns and inflation. For example, if the market has historically returned about 10%, but you think the future will be worse, modify the stock returns by -3%, and the future returns will average out to 7%. Investment fees can also lower stock market returns. Many index funds and ETFs offer extremely low fees and expenses.

Many people receive income in retirement, such as social security, pension plans, part time jobs, annuities, and other benefits. This would allow you to take out smaller distributions every year. Please note that taxes must also be considered, but are not used in this simulation. A 401k, Roth IRA, and Traditional IRA are taxed differently than a standard investment account, as are dividends.

Note: This assumes that the future is at least somewhat like the past. In reality, anything could happen. The Soviet Union collapsed, Japan's Nikkei Index is still well below its 1989 peak. Numerous other markets have changed drastically and never recovered. However, this online tool is helpful in retirement planning and estimating how much you might need for retirement, especially those hoping to retire early. We recommend receiving advice from a financial planner.

Want to retire with $19,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.7%
1 years$1,618,550$1,604,132$1,590,067$1,576,337$1,562,932$1,502,107
2 years$801,262$786,339$771,877$757,855$744,253$683,708
3 years$528,869$513,882$499,455$485,565$472,185$413,825
4 years$392,699$377,757$363,476$349,822$336,766$281,036
5 years$311,018$296,166$282,072$268,697$256,004$203,047
6 years$256,582$241,842$227,956$214,879$202,567$152,418
7 years$217,714$203,099$189,433$176,664$164,742$117,383
8 years$188,577$174,093$160,654$148,199$136,669$92,054
9 years$165,926$151,579$138,371$126,233$115,095$73,159
10 years$147,817$133,610$120,635$108,814$98,067$58,729
11 years$133,009$118,945$106,205$94,701$84,341$47,511
12 years$120,678$106,759$94,254$83,065$73,088$38,670
13 years$110,253$96,479$84,210$73,334$63,734$31,626
14 years$101,324$87,696$75,663$65,098$55,869$25,964
15 years$93,593$80,112$68,314$58,056$49,191$21,382
16 years$86,835$73,501$61,936$51,983$43,475$17,653
17 years$80,879$67,692$56,360$46,706$38,548$14,605
18 years$75,590$62,550$51,449$42,092$34,275$12,103
19 years$70,863$57,971$47,099$38,033$30,550$10,043
20 years$66,614$53,870$43,225$34,446$27,288$8,344
21 years$62,775$50,177$39,759$31,262$24,420$6,938
22 years$59,290$46,839$36,644$28,425$21,889$5,774
23 years$56,112$43,807$33,834$25,887$19,649$4,808
24 years$53,204$41,045$31,291$23,610$17,661$4,006
25 years$50,532$38,518$28,982$21,562$15,892$3,340
26 years$48,070$36,201$26,879$19,715$14,315$2,785
27 years$45,794$34,069$24,960$18,046$12,906$2,323
28 years$43,684$32,103$23,203$16,534$11,645$1,938
29 years$41,724$30,286$21,592$15,162$10,516$1,617
30 years$39,897$28,602$20,113$13,915$9,501$1,350
31 years$38,192$27,038$18,750$12,780$8,590$1,127
32 years$36,596$25,584$17,494$11,745$7,770$941
33 years$35,101$24,228$16,335$10,800$7,032$786
34 years$33,696$22,963$15,262$9,937$6,367$656
35 years$32,375$21,780$14,269$9,148$5,767$548
36 years$31,129$20,672$13,348$8,425$5,225$458
37 years$29,954$19,634$12,494$7,763$4,736$382
38 years$28,843$18,659$11,700$7,155$4,293$319
39 years$27,792$17,743$10,962$6,597$3,893$267
40 years$26,796$16,881$10,274$6,085$3,531$223
41 years$25,851$16,069$9,634$5,614$3,204$186
42 years$24,954$15,304$9,037$5,181$2,907$155
43 years$24,100$14,581$8,480$4,783$2,638$130
44 years$23,288$13,899$7,960$4,416$2,395$108
45 years$22,513$13,254$7,474$4,078$2,174$91
46 years$21,775$12,644$7,020$3,767$1,974$76
47 years$21,070$12,066$6,595$3,481$1,792$63
48 years$20,397$11,519$6,198$3,216$1,628$53
49 years$19,753$11,000$5,825$2,972$1,478$44
50 years$19,136$10,507$5,477$2,747$1,343$37

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $19,600,000, adding $2,244 every year, while hoping to spend $30,906 every year in retirement. These numbers increase with inflation.
Reality usually performs much different than the expected returns. This uses historical averages, but anything can happen. In general, riskier investments have greater returns on average, but more volatility in the short term.
Age Total: 100% Stocks Total: 100% Bonds Total: 100% Cash Total: 29/42/29 Blend
50$19,600,000$19,600,000$19,600,000$19,600,000
51$21,601,515$20,562,715$20,258,915$22,034,695
52$23,771,985$21,537,404$20,904,705$23,353,423
53$26,162,808$22,558,817$21,571,093$24,767,285
54$28,796,427$23,629,211$22,258,736$26,286,692
55$31,697,572$24,750,952$22,968,314$27,920,794
56$34,893,497$25,926,522$23,700,525$29,679,603
57$38,414,235$27,158,522$24,456,093$31,574,080
58$42,292,877$28,449,680$25,235,763$33,616,226
59$46,565,894$29,802,858$26,040,304$35,819,187
60$51,273,471$31,221,054$26,870,510$38,197,366
61$56,459,894$32,707,414$27,727,201$40,766,546
62$62,173,962$34,265,236$28,611,221$43,544,030
63$68,469,453$35,897,980$29,523,444$46,548,788
64$75,405,627$37,609,270$30,464,769$49,801,627
65$83,047,787$39,402,911$31,436,126$53,325,372
66$91,467,898$41,282,891$32,438,472$57,145,063
67$100,745,261$43,253,390$33,472,799$61,288,184
68$110,967,266$45,318,794$34,540,126$65,784,901
69$122,230,214$47,483,702$35,641,507$70,668,331
70$134,640,228$49,752,935$36,778,029$75,974,840
71$148,314,253$52,131,550$37,950,815$81,744,365
72$163,381,161$54,624,851$39,161,021$88,020,775
73$179,982,967$57,238,397$40,409,844$94,852,262
74$198,276,171$59,978,019$41,698,515$102,291,780
75$218,433,233$62,849,835$43,028,307$110,397,520
76$240,644,201$65,860,255$44,400,534$119,233,435
77$265,118,507$69,016,005$45,816,549$128,869,826
78$292,086,944$72,324,138$47,277,752$139,383,975
79$321,803,840$75,792,049$48,785,585$150,860,853
80$354,549,467$79,427,495$50,341,538$163,393,891
81$390,632,680$83,238,609$51,947,146$177,085,837
82$430,393,834$87,233,921$53,603,997$192,049,697
83$474,208,000$91,422,378$55,313,725$208,409,766
84$522,488,501$95,813,359$57,078,020$226,302,775
85$575,690,818$100,416,705$58,898,624$245,879,144
86$634,316,890$105,242,731$60,777,336$267,304,365
87$698,919,847$110,302,260$62,716,011$290,760,533
88$770,109,239$115,606,638$64,716,565$316,448,022
89$848,556,785$121,167,767$66,780,974$344,587,335
90$935,002,718$126,998,129$68,911,277$375,421,146
91$1,030,262,770$133,110,812$71,109,580$409,216,545
92$1,135,235,875$139,519,544$73,378,053$446,267,513
93$1,250,912,656$146,238,723$75,718,939$486,897,647
94$1,378,384,774$153,283,447$78,134,551$531,463,167
95$1,518,855,237$160,669,552$80,627,274$580,356,223
96$1,673,649,756$168,413,646$83,199,573$634,008,540
97$1,844,229,263$176,533,145$85,853,990$692,895,439
98$2,032,203,696$185,046,318$88,593,148$757,540,259
99$2,239,347,208$193,972,323$91,419,753$828,519,236
100$2,467,614,908$203,331,251$94,336,600$906,466,874